ROYCE & ASSOCIATES LP IIIV — I3 VERTICALS INC

Ownership history in ROYCE & ASSOCIATES LP  ·  9 quarters on record

AI Ownership Summary

ROYCE & ASSOCIATES LP reported I3 VERTICALS INC (IIIV) in 9 quarterly 13F filings from 2024 Q1 through 2026 Q1. Peak portfolio weight reached 0.15% in 2025 Q3. The latest visible filing shows IIIV at 0.13% of the fund.

This page tracks quarterly shares, estimated market value, portfolio weight, filing dates, and disclosure-aligned stock prices directly from SEC EDGAR 13F filings.

What this IIIV ownership page tells you

This page is designed to answer the real investor question behind a 13F filing: how meaningful was ROYCE & ASSOCIATES LP's position in I3 VERTICALS INC, and how did that conviction change over time? You can read the holding window, peak weight, latest reported size, disclosure timing, and quarter-by-quarter changes without piecing the story together from raw SEC rows.

Freshest filing
Latest Reported Filing
2026 Q1

IIIV was reported at 0.13% of portfolio in the most recent visible filing.

High-water mark
Peak Conviction
0.15% in 2025 Q3

Peak weight helps separate a token disclosure from a real conviction holding the fund genuinely cared about.

Time in book
Holding Window
2024 Q1 to 2026 Q1

Longer holding windows often tell a very different story from short-lived tactical trades or one-quarter experiments.

Decision context
Why It Matters
Position size beats headlines

Knowing that a fund owned a stock is useful. Knowing whether it was a 0.20% placeholder or a true high-conviction position is where the signal actually starts.

IIIV stock page ROYCE & ASSOCIATES LP fund profile ROYCE & ASSOCIATES LP full holdings
How ROYCE & ASSOCIATES LP held IIIV — position size vs. price
% of Fund (quarterly)    IIIV price (quarter-end, indexed to 100)    SPY (indexed to 100)    QQQ (indexed to 100)
📋 Quarterly Holdings History 9 quarters  ▾
Quarter Action Sold % After 3M Timing Shares Change Chg % % of Fund Mkt Value Filed Price (Filed)
2026 Q1 ADDED — — — 583,425 +78,693 +15.6% 0.13% $13.0M 2026-05-12 $18.91
2025 Q4 ADDED — — — 504,732 +35,390 +7.5% 0.13% $12.7M 2026-02-09 $21.50
2025 Q3 ADDED — — — 469,342 +45,940 +10.9% 0.15% $15.2M 2025-11-12 $29.33
2025 Q2 REDUCED 18.9% +19.0% ❌ 423,402 -98,518 -18.9% 0.12% $11.6M 2025-08-11 $31.46
2025 Q1 REDUCED — — — 521,920 -19,430 -3.6% 0.14% $12.9M 2025-05-06 $26.31
2024 Q4 ADDED — — — 541,350 +52,510 +10.7% 0.12% $12.5M 2025-02-10 $29.22
2024 Q3 ADDED — — — 488,840 +48,840 +11.1% 0.09% $10.4M 2024-11-06 $25.07
2024 Q2 ADDED — — — 440,000 +290,000 +193.3% 0.09% $9.7M 2024-08-13 $21.03
2024 Q1 INITIATED — — — 150,000 — — 0.03% $3.4M 2024-05-13 $19.98

🏢 Other funds also holding IIIV

As of 2026 Q1 — sorted by position size

Long Path Partners LP 3Y 8.32% Forager Capital Management, LLC 3Y 6.45% AltraVue Capital, LLC 3Y 7Y 2.25% 12th Street Asset Management Company, LLC 3Y 7Y 1.91% Ranger Investment Management, L.P. 3Y 7Y 1.5% PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 3Y 7Y 1.33% North Reef Capital Management LP 3Y 0.79% GENEVA CAPITAL MANAGEMENT LLC 3Y 7Y 0.74% HEARTLAND ADVISORS INC 3Y 7Y 0.69% Legato Capital Management LLC 3Y 7Y 0.5%

FAQ About ROYCE & ASSOCIATES LP and IIIV

These are the practical questions this page is built to answer before you even open the full history table.

How long has ROYCE & ASSOCIATES LP reported owning IIIV?

ROYCE & ASSOCIATES LP reported IIIV across 9 quarterly 13F filings, from 2024 Q1 through 2026 Q1.

What was the largest reported IIIV position in ROYCE & ASSOCIATES LP's portfolio?

The largest reported portfolio weight for IIIV was 0.15% in 2025 Q3.

What is the latest reported IIIV position on this page?

The most recent filing on this page is 2026 Q1, when ROYCE & ASSOCIATES LP reported 583,425 shares, equal to 0.13% of portfolio, with an estimated market value of $13.0M.

What does the chart on this IIIV ownership page compare?

The chart compares ROYCE & ASSOCIATES LP's quarterly IIIV portfolio weight with the stock's indexed share price, so you can see whether the fund was building, trimming, or holding the position as price moved.

How well did ROYCE & ASSOCIATES LP time their IIIV position?

Based on 13F filing dates vs. subsequent IIIV price moves, ROYCE & ASSOCIATES LP correctly timed 4 out of 8 reported position changes (50%). The annualised alpha on IIIV relative to SPY over the holding period was -19.3%.

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